Notes to the Financial Statements
Notes to the Financial Statements
continued
continued
2016
€’000 2015
€’000
Revenue 4,794 6,038
Cost of sales (2,564) (3,280)
Gross profit 2,230 2,758
Administrative expenses (1,293) (2,028)
937 730
8 Disposal of subsidiary undertakings - continued
2015
€’000
1,286 736
303 107
454 332
Trade and other receivables 525 833
Cash and cash equivalents 465 852
(1,625) (217)
(796) (413)
Trade and other payables (1,075) (1,477)
Net (liabilities)/assets disposed of (1,749) 17
Attributable to owners (1,749) (175)
Profit on disposal of subsidiary undertakings
Net result from discontinued operations:
Operating profit
2016
€’000
8 Disposal of subsidiary undertakings - continued
Consideration received
Consideration received in cash and cash equivalents
Analysis of assets and liabilities over which control was lost:
(33) (70) Profit before taxation 904 660 Non-current assets
Property, plant and equipment
Finance cost
Income tax expense (130) (138)
Profit for the financial year 774 522
Attributable to owners 774 522
Assets
Current assets
Attributable to non-controlling interests
- -
774 522
Liabilities
The comparative disclosure represents the full year results of subsidiary undertakings that were fully disposed of in 2016.
Non-current liabilities
2016
€’000 2015
€’000
Profit on full disposal of subsidiary undertakings 279 283
Profit on control change of subsidiary undertakings 167 -
- (180)
Profit on disposal of subsidiary undertakings 446 103
Profit on trading results of subsidiary undertakings in year of